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Appraisal

The Value of Architecture

There is value in investing in great architecture. Ira Grossman looks at how distinct design turned the Lever House into a NYC icon. Read More »

How Did Environmental Contamination Become a Factor in the Appraisal World?

The Office of the Comptroller of the Currency (OCC) Handbook on Commercial Real Estate published in 2013 mandates that environmental contamination should be discussed and considered in real estate appraisals.  In the same year the OCC updates were published, the Appraisal Institute released a document providing guidance to appraisers for how environmental contamination should be considered in the ... Read More »

Property Condition Assessments and Reports

Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems are evaluated for short a... Read More »

Risk Classification: Standard Practices?

As I mentioned in my first posting, I took a survey of the Environmental Bankers Association Membership as to what is and is not a recognized environmental condition.  The results were presented at the Environmental Bankers Association Conference in Utah on June 9th.   The survey results are posted on the EBA’s Website and my website (www.partneresi.com). I think the results are very interesting! ... Read More »

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